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Wednesday, 26 February 2020

Tunisia expects 5.4% growth rate in 2011

Tunisia expects GDP to grow at 5.4% following a rise in public expenditure and accelerated reforms says Prime Minister Mohamed Al Ghanoushi

MENA, Saturday 27 Nov 2010
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Tunisia's Gross Domestic Product growth rate is expected to reach 5.4% in 2011, up from 3.7% a year earlier, said the prime minister Mohamed El Ghanoushy, speaking before parliament on Saturday. GDP growth has created 75 thousand jobs in Tunisia in 2010 to date.

GDP growth will be achieved with an increase in public spending by 5%, to reach $13.6 billion, "in order to regain pre-crisis growth levels", added El Ghanoushy during his presentation of Tunisia's state budget for the upcoming year. Tunisia is increasing its public debt by $2.7 billion and preparing to obtain financing for its growth from international markets. Tunisia's domestic debt would decrease by almost 1% to reach 39% of its GDP and the country's budget deficit will remain mostly unchanged at 2.5%.

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